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Kalshi has reportedly raised more than $1 billion at a $22 billion valuation in a round led by led by Coatue Management as record trading volumes, institutional demand, and sports markets fuel rapid growth.
Kalshi is offering $1 billion for a perfect March Madness bracket or $1 million to the best bracket, and another $1 million to two nonprofits. Use code DEFI during registration and submit your entry before 1 p.
The CFTC’s no-action letter for Phantom signals a more flexible approach to crypto interfaces, a former agency lawyer tells DeFi Rate, with implications for how users access derivatives and prediction markets.
Milbank, the law firm defending Kalshi in ongoing court battles, offered a behind-the-scenes look at recent CFTC prediction market guidance and what it means for exchanges. The post Inside New CFTC Prediction Market Guidance: Milbank Attorneys Weigh In appeared first on DeFi Rate.
Arizona AG Kris Mayes hit the prediction market platform with a 20-count criminal information in Maricopa County, the most aggressive state enforcement action against Kalshi to date. The post Arizona AG Files Criminal Charges Against Kalshi in Escalating State Battle appeared first on DeFi Rate.
Kalshi is offering $1 billion for a perfect March Madness bracket — the largest prize in bracket contest history. $1 million guaranteed for the highest scoring bracket. You have until Thursday at 1 pm ET to submit your entry.
Kalshi is offering $1 billion for a perfect March Madness bracket — the largest prize in bracket contest history. $1 million guaranteed for the highest scoring bracket. The post Kalshi $1B Dollar Perfect Bracket is the Best Free March Madness Contest appeared first on DeFi Rate.